Bid for new trial fails, Elizabeth Holmes awaits sentencing

Bid for new trial fails, Elizabeth Holmes awaits sentencing

2 years ago
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https://apnews.com/bc6e28bcc6a56d35fe17900179e9485e

SAN JOSE, Calif. (AP) — A federal judge rejected a bid for a new trial for disgraced Theranos CEO Elizabeth Holmes after concluding a key prosecution witness's recent remorseful attempt to contact her wasn't enough to award her another chance to avoid a potential prison sentence for defrauding investors at her blood-testing company.

The ruling issued late Monday by U.S. District Judge Edward Davila is the latest setback for Holmes, a former Silicon Valley star who once boasted an estimated net worth of $4.5 billion but is now facing up to 20 years prison that would separate her from her 1-year-old son.